Jiangsu Qianwang Group recently announced that its subsidiary Jiangsu Jixin Glycerinum Technology Company is carrying out technological transformation and production expansion with the aim to become the globally largest glycerinum producer by the end of 2016. As a newly-developing Internet company, Jiangsu Qianwang Group invested in the Jiangsu Jixin Glycerinum Technology Company not long ago.
The subsidiary company boasts five production lines with an annual capacity of 100,000 metric tons (tonnes) of refined glycerinum and sales revenue at 500 million yuan. It aims to bring its annual capacity to 130,000 tonnes at the end of 2015 and 200,000 tonnes at the end of 2016. The subsidiary started pilot running in October 2014 and is operating at full capacity now. Glycerinum for industrial use is widely used in medical science, coating industry, spinning and printing and dyeing industry, food industry, cosmetics and metal processing fields.
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